Ball Bearings in Canada | The Observatory of Economic Complexity

About

Exports In 2022, Canada exported $335M in Ball Bearings, making it the 20th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 214th most exported product in Canada. The main destination of Ball Bearings exports from Canada are: United States ($234M), Canada ($15.1M), Germany ($12M), Singapore ($11.9M), and Poland ($9.09M).

The fastest growing export markets for Ball Bearings of Canada between 2021 and 2022 were Poland ($3.29M), Singapore ($3.03M), and Germany ($1.55M).

Imports In 2022, Canada imported $790M in Ball Bearings, becoming the 11th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 149th most imported product in Canada. Canada imports Ball Bearings primarily from: United States ($427M), China ($131M), Japan ($53.8M), Germany ($27.1M), and South Korea ($21.2M).

The fastest growing import markets in Ball Bearings for Canada between 2021 and 2022 were United States ($57.4M), Germany ($5.44M), and China ($4.22M).

COMPANIES In 2023, leading companies such as CELEBRITY CRUISES INC. (2) were at the forefront of shipping Ball Bearings from Canada to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Canada's Ball Bearings exports accounted up to C$25.4M and imports accounted up to C$87.2M, resulting in a negative trade balance of C$61.8M. Between January 2023 and January 2024 the exports of Canada's Ball Bearings have increased by C$9k (0.035%) from C$25.4M to C$25.4M, while imports decreased by C$-9.22M (-9.57%) from C$96.4M to C$87.2M.

Destinations In January 2024, Ball Bearings were exported mostly to United States (C$21.7M), Germany (C$892k), Brazil (C$544k), Singapore (C$543k), and Mexico (C$233k), and were imported mostly from United States (C$34.5M), China (C$11.8M), Japan (C$10.3M), Germany (C$6.29M), and France (C$2.93M).

Growth In January 2024, the increase in Ball Bearings's year-by-year exports was explained primarily by an increase in exports to United States (C$2.81M or 16%), Argentina (C$627k or 19.7k%), and China (C$275k or 317%). In January 2024, the decrease in Ball Bearings's year-by-year imports was explained primarily by a decrease in imports from Australia (C$-308k or -95.5%), Canada (C$-228k or -13.4%), and Denmark (C$-131k or -49.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$9k(0.035%)

IMPORT GROWTH (January 2023 - January 2024)C$-9.22M(-9.57%)

MAIN EXPORTER (January 2024)OntarioC$22.4M

MAIN DESTINATION (January 2024)United StatesC$21.7M

This section shows Ball Bearings's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Ball Bearings over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$335M

IMPORTS (2022)$790M

NET TRADE (2022)-$455M

In 2022, Canada exported $335M in Ball Bearings. The main destinations of Canada exports on Ball Bearings were United States ($234M), Canada ($15.1M), Germany ($12M), Singapore ($11.9M), and Poland ($9.09M).

In 2022, Canada imported $790M in Ball Bearings, mainly from United States ($427M), China ($131M), Japan ($53.8M), Germany ($27.1M), and South Korea ($21.2M).

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